On-chain security analysis — is it a scam or legit?
EthereumThe audit of the LayerEdgeToken contract found it to be a standard ERC-20 implementation with no custom privileged functions or complex transfer logic.
Read the full analysisEach factor is an on-chain fact recorded at the time of this analysis. The score is computed from them by a deterministic function, so the same contract returns the same score for anyone who runs the audit. How scores are computed
Share held by contracts — treasury, vesting, bridge or staking — is discounted against share held by wallets when the score is computed: a contract cannot decide to sell the way an anonymous holder can, though it can still be drained or voted to sell. Effective concentration is the figure the risk score is actually calculated from.
Holder balances as recorded by the audit of Oct 15, 2026
The risk score reads depth across every pair.
The LP tokens of the analysed pool are not locked or burned, so whoever holds them can withdraw that liquidity.
0xcc5d…48990x5d4f…5090No privileged address appears among these holders: the unlocked liquidity sits with independent providers, not with the deployer.
0.0% of the pool's LP is burned or time-locked. 100.0% is held, unlocked, by 1 address(es) other than the owner/deployer. One of them — a wallet, 0xcc5d…4899 — holds 100.0% and can remove that share at once; who controls it is not visible on-chain, so it is not treated as an independent provider. Some pools are concentrated-liquidity (V3/V4) positions; shares above are by position as GoPlus reports them.
Check the lock's end date and beneficiary on the locker's own page before relying on it.
Acknowledged
The verified source code was reviewed and no issue rising to Informational severity or above was identified. This is a statement about the code that was read, not a guarantee: the review covers the published source only. Fact-layer checks (mint capability, holder concentration) were applied separately and feed the risk score.
Re-check after any contract upgrade or ownership change, both of which can alter behaviour without changing this page.
Acknowledged
The ten largest holders own 97.6% of supply. Of that, 26.9% in DEX pools — not holders that can sell, so excluded from the concentration score. What remains: 2.2% in wallets, 68.4% in other contracts. 4,156 holders in total.
Watch the largest wallets that are not exchanges, pools or locks — those are the ones that can move the price.
Acknowledged
Listed on CoinGecko as LayerEdge (EDGEN), rank #6958. 4,156 holders.
Match the contract address against the project's official channels before trading.
Acknowledged
Liquidity $90K (DexScreener, all pools). 24h trading volume $49K (CoinGecko, all markets, daily snapshot). 24h trading volume $64K (DexScreener, all pools). CoinGecko's record for this coin: all-time high $0.0239 on 2025-06-02; the price is now 98.8855% below it.
Size any position to the liquidity and daily volume shown — they set how much you can sell and at what price.
Acknowledged
A token issued by a project for use, governance or fundraising. Scored on its contract and market facts. The class itself adds no points; the contract and market facts decide the score. Basis: no class-specific evidence. Tokenomics — Supply: fixed — the contract has no mint function. Control: an owner that could not be resolved. Code: not upgradeable (no proxy). Fees: no buy or sell tax. Market: $90K of DEX liquidity across 2 pools. Launch: 499 days of market history.
Check the project's own documentation for what the token is used for; this report covers what the contract allows.
Acknowledged
The audit of the LayerEdgeToken contract found it to be a standard ERC-20 implementation with no custom privileged functions or complex transfer logic. No critical or high-severity vulnerabilities were identified, indicating a robust and secure design for its intended purpose.
The LayerEdgeToken contract is a standard ERC-20 implementation, inheriting from OpenZeppelin's ERC20Permit and ERC20. It includes all expected ERC-20 functions like transfer and approve. The static analysis confirmed no privileged functions exist that could alter transfer logic or introduce central points of control (7.3 Access Control). The contract's simplicity and reliance on well-audited libraries contribute to its robust technical security (7.2 Code Security). No custom state variables or complex logic were found that could lead to technical vulnerabilities.
The LayerEdgeToken contract does not implement any custom governance mechanisms or complex economic models beyond the standard ERC-20 token functionality (7.5 Governance, 7.4 Economic). There are no privileged roles or functions that could manipulate token supply, freeze transfers, or alter token parameters. This design minimizes governance and economic risks by adhering to a decentralized, permissionless token standard. The absence of such features simplifies the economic model and reduces potential attack vectors.
The LayerEdgeToken contract is not implemented as a proxy and therefore is not upgradeable (7.7 Upgrades). This design choice eliminates risks associated with upgradeability, such as proxy misconfigurations or malicious upgrade paths. The contract's immutability ensures that its logic cannot be changed post-deployment, providing predictable and consistent behavior. While this means no future feature enhancements are possible without a new deployment, it significantly reduces upgrade-related security concerns.
For token holders, it is important to understand that the LayerEdgeToken operates as a standard, immutable ERC-20 token.
Its functionality is limited to basic token transfers and approvals, without any special administrative controls. Users should always verify the contract address and ensure they are interacting with the legitimate token. Given its immutable nature, the contract's behavior will remain consistent over time.
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